Most of the existing literature on copyright infringement is concerned with the valuation of intellectual property rather than the apportionment of the value that is directly attributable to the intellectual property asset at issue. Furthermore, few of the currently proposed IP valuation methods and little of the literature addressing the determination of damages appears directly applicable to the case of copyright in the context of artistic productions. Within the creative arts, recorded music offers a particularly complex and interesting case within which to explore this issue, as different portions of the relevant copyright to the recorded song may be held by different persons. The apportionment of potential damages therefore requires two steps or determinations. The first takes place in what we might refer to as the work’s legal or intellectual property context: how current copyright law divvies up the copyright to that work and which part or parts of the copyright are relevant to charges of infringement. The second takes place within the work’s economic or non–intellectual property context: how various factors contribute to that work’s financial value.
Most of the existing literature on copyright infringement is concerned with the valuation of intellectual property rather than the apportionment of the value that is directly attributable to the intellectual property asset at issue. Furthermore, few of the currently proposed IP valuation methods and little of the literature addressing the determination of damages appears directly applicable to the case of copyright in the context of artistic productions. Within the creative arts, recorded music offers a particularly complex and interesting case within which to explore this issue, as different portions of the relevant copyright to the recorded song may be held by different persons. The apportionment of potential damages therefore requires two steps or determinations. The first takes place in what we might refer to as the work’s legal or intellectual property context: how current copyright law divvies up the copyright to that work and which part or parts of the copyright are relevant to charges of infringement. The second takes place within the work’s economic or non–intellectual property context: how various factors contribute to that work’s financial value.